Sri Lanka Telecom
Encyclopedia
Sri Lanka Telecom PLC (SLT) is the premier telecommunications services provider in Sri Lanka
and one of the country’s most valuable blue chip companies with an annual turnover in excess of Rs 40 billion. The Company provides a huge range of domestic and international services which includes fixed & wireless voice, internet
and data services that cater to a wide audience of both corporates and domestic customers.
. In 2008, NTT sold its stake in SLT to Global Telecommunications Holdings N.V of Netherlands, which currently owns 44.9% stake in Sri Lanka Telecom (SLT) whilst 49.5% is owned by the Government of Sri Lanka and the balance shares remain with the general public.
The company has been given the following ratings by Fitch Rating Lanka: Long Term Foreign Currency Rating - “B+”, Long Term Local Currency Rating - “BB-“, and National Long Term Rating – “AAA(lka)”. In addition to that the company has also been rated by Standard and Poor’s as “B+” for both long term Corporate Credit Rating and Long term Debt Rating, which is one notch above the country’s rating.
SLT has been publishing directories
ever since the late 1930s to its subscribers. The Rainbow Pages the classified business section was introduced in 2002 and today SLT Rainbow pages (National Business Directory) is the only classified directory available in Sri Lanka.
Sri Lanka
Sri Lanka, officially the Democratic Socialist Republic of Sri Lanka is a country off the southern coast of the Indian subcontinent. Known until 1972 as Ceylon , Sri Lanka is an island surrounded by the Indian Ocean, the Gulf of Mannar and the Palk Strait, and lies in the vicinity of India and the...
and one of the country’s most valuable blue chip companies with an annual turnover in excess of Rs 40 billion. The Company provides a huge range of domestic and international services which includes fixed & wireless voice, internet
Internet
The Internet is a global system of interconnected computer networks that use the standard Internet protocol suite to serve billions of users worldwide...
and data services that cater to a wide audience of both corporates and domestic customers.
History
Sri Lanka Telecom has a long history of over 150 years, having started its operations in 1858 with the establishment of the first Telegraphic Circuit between Galle and Colombo. In the same year it established its first international Telegraph Communication between then called Ceylon, and India. Since then, Sri Lanka Telecom has passed several milestones, including: in 1991 Sri Lanka Telecom became a Corporation and in 1997 the Company was privatised with the collaboration of Nippon Telegraph and Telephone Corporation (NTT)and listed in the Colombo Stock Exchange's Milanka Price IndexMilanka Price Index
The Milanka Price Index is one of the principal stock indices of the Colombo Stock Exchange in Sri Lanka. It is composed of a select group of 25 stocks, a list which is reviewed each quarter, as opposed to the Colombo Stock Exchange's "All Share Price Index", which uses all of the ~250 stocks on...
. In 2008, NTT sold its stake in SLT to Global Telecommunications Holdings N.V of Netherlands, which currently owns 44.9% stake in Sri Lanka Telecom (SLT) whilst 49.5% is owned by the Government of Sri Lanka and the balance shares remain with the general public.
The company has been given the following ratings by Fitch Rating Lanka: Long Term Foreign Currency Rating - “B+”, Long Term Local Currency Rating - “BB-“, and National Long Term Rating – “AAA(lka)”. In addition to that the company has also been rated by Standard and Poor’s as “B+” for both long term Corporate Credit Rating and Long term Debt Rating, which is one notch above the country’s rating.
Subsidiaries of Sri Lanka Telecom
Sri Lanka Telecom group includes subsidiaries and associated companies.| Name of the subsidiary | Year of Establishment |
SLT Shares | Websites | Principal Activity |
|---|---|---|---|---|
| Mobitel (Pvt) Ltd | 2002 | 100% (See Note) |
www.mobitel.lk | Mobile Telephony |
| SLT Visioncom (Pvt) Ltd | 2008 | 100% | www.sltvisioncom.lk | IPTV operations |
| SLT Publications (Pvt) Ltd | 2006 | 100% | www.rainbowpages.lk | Directory publication services |
| SLT Hong Kong Limited | 2006 | 100% | www.slt.lk/gb/index.htm | Point of Presence – Providing IP transit services |
| Sri Lanka Telecom Services (SLTS) | 1993 | 100% | www.slts.lk | Providing total network solutions to corporate and small business customers |
| SLT Manpower Solutions (Pvt) Ltd | 2008 | 100% | www.manpower.lk | Providing workforce solutions |
| Sky Network (Pvt.) Ltd | 2006 | 99% | www.skynetwork.lk | WiMAX operations |
SLT has been publishing directories
Telephone directory
A telephone directory is a listing of telephone subscribers in a geographical area or subscribers to services provided by the organization that publishes the directory...
ever since the late 1930s to its subscribers. The Rainbow Pages the classified business section was introduced in 2002 and today SLT Rainbow pages (National Business Directory) is the only classified directory available in Sri Lanka.